Perfect Achiever Group, a holding company, agreed to acquire a 20.65% stake in Macau Legend Development, a casino hotel company, for HK$1.34bn. Macau Legend was incorporated under the laws of the Cayman Islands on October 5, 2006 and its shares are listed on the Main Board of The Stock Exchange of Hong Kong. Macau Legend is one of the leading owners of entertainment and casino gaming facilities in Macau and operates casino gaming facilities, shopping complexes, themed hotels, convention and entertainment complexes and other leisure facilities in Macau.